Carlisle Companies Incorporated (NYSE:CSL) Receives Consensus Rating of “Moderate Buy” from Analysts

Carlisle Companies Incorporated (NYSE:CSL) has been given an average rating of “Moderate Buy” by the six ratings firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $390.33.

Several equities analysts have commented on CSL shares. Loop Capital increased their price objective on shares of Carlisle Companies from $375.00 to $440.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Robert W. Baird increased their price target on shares of Carlisle Companies from $400.00 to $435.00 and gave the company an “outperform” rating in a report on Tuesday, April 9th. The Goldman Sachs Group started coverage on Carlisle Companies in a research report on Wednesday, April 3rd. They issued a “buy” rating and a $455.00 price target for the company. Oppenheimer upped their price objective on Carlisle Companies from $405.00 to $412.00 and gave the company an “outperform” rating in a research report on Thursday, April 18th. Finally, StockNews.com upgraded Carlisle Companies from a “hold” rating to a “buy” rating in a report on Wednesday, February 7th.

Carlisle Companies Price Performance

NYSE:CSL opened at $381.99 on Friday. The business’s 50-day moving average is $370.69 and its 200 day moving average is $319.17. Carlisle Companies has a 12 month low of $205.10 and a 12 month high of $403.44. The company has a market capitalization of $18.26 billion, a P/E ratio of 25.06, a P/E/G ratio of 1.35 and a beta of 0.93. The company has a current ratio of 2.87, a quick ratio of 2.57 and a debt-to-equity ratio of 0.67.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Tuesday, February 6th. The conglomerate reported $4.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.47 by $0.70. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Carlisle Companies had a return on equity of 28.31% and a net margin of 15.07%. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the prior year, the firm earned $3.92 EPS. On average, equities research analysts forecast that Carlisle Companies will post 18.72 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were given a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend was Thursday, February 15th. Carlisle Companies’s dividend payout ratio (DPR) is currently 22.31%.

Insiders Place Their Bets

In other news, VP David W. Smith sold 700 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $338.54, for a total transaction of $236,978.00. Following the transaction, the vice president now owns 2,834 shares of the company’s stock, valued at $959,422.36. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Carlisle Companies news, insider Lori A. Snyder sold 8,101 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $339.64, for a total value of $2,751,423.64. Following the transaction, the insider now directly owns 5,212 shares in the company, valued at approximately $1,770,203.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP David W. Smith sold 700 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $338.54, for a total transaction of $236,978.00. Following the transaction, the vice president now directly owns 2,834 shares in the company, valued at $959,422.36. The disclosure for this sale can be found here. Insiders sold a total of 15,255 shares of company stock valued at $5,231,360 over the last 90 days. Insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Allworth Financial LP grew its holdings in Carlisle Companies by 88.9% during the 4th quarter. Allworth Financial LP now owns 85 shares of the conglomerate’s stock worth $27,000 after acquiring an additional 40 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Carlisle Companies in the 4th quarter worth approximately $31,000. Principal Securities Inc. bought a new position in shares of Carlisle Companies during the fourth quarter valued at approximately $32,000. Tennessee Valley Asset Management Partners bought a new position in shares of Carlisle Companies during the fourth quarter valued at approximately $40,000. Finally, Robeco Institutional Asset Management B.V. increased its holdings in Carlisle Companies by 38.1% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 13,841 shares of the conglomerate’s stock valued at $43,000 after buying an additional 3,815 shares during the period. Institutional investors own 89.52% of the company’s stock.

About Carlisle Companies

Carlisle Companies Incorporated operates as a manufacturer and supplier of building envelope products and solutions in the United States, Europe, North America, Asia and the Middle East, Africa, and internationally. It operates through two segments: Carlisle Construction Materials and Carlisle Weatherproofing Technologies.